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Default Fixed decimal places in Excel

I am designing an Excel spreadsheet as a template for data entry. I would
like the cell to only allow two decimal places to be entered. For example,
if a person entered 1.234, I would like the value to be rejected. For my
purposes, this would not be best accomplished through the fixed decimal
option as the user can still enter this value and have it accepted. I have
Excel 2003.
 
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